The crypto investment platform ECOS has attracted another round of financing from Tashir Capital group (a structural subdivision of Tashir Group – an international construction group that includes about 200 enterprises operating in various economic sectors globally). The new tranche will be used to update the equipment park, develop energy infrastructure, and expand the company’s product line.
The new investment tranche has already been agreed, and although ECOS founder Ilya Goldberg hasn’t named the exact investment amount, we are well aware that when it comes to mining equipment and infrastructure – millions or even tens of millions of US dollars are implied. ECOS founder Ilya Goldberg has previously said that attracting additional investments would allow the company to reach a new level:
We are actively growing and have already passed the mark of 100,000 customers, which requires to generate new solutions. Over the past year, the company has significantly improved its mobile application (available on AppStore and GooglePlay) and expanded its functionality from cloud mining to a full-fledged crypto investment platform with its own wallet, exchanger, analytics, and the ability to invest in cryptocurrency portfolios and indexes.
In the near future, the company plans to update and expand its park of mining equipment and diversify its products.
ECOS plans to allocate the first part of the tranche to purchase additional mining equipment to install and use in the current ECOS data center in Armenia, Hrazdan. For now, it is mostly equipped with Antminers S19 Pro, powerful devices produced by one of the world’s largest mining equipment manufacturers, Bitmain. The group plans to expand the hardware park with Antminer S19j Pro (100TH/s) models from the same manufacturer.
The second part of the tranche will be used to expand the team of specialists and diversify its product line.
According to Ilya Goldberg, the company’s mission is to meet the needs of a wide range of investors in high-quality digital assets and reliable ways of managing them.